Congressional Budget Office

Once again, the federal Highway Trust Fund is headed for a financial cliff. The infrastructure account will run out of money at the end of the month unless Congress again scrambles to approve another short-term fix. A plan approved by the U.S. House on Wednesday would keep money flowing for road and bridge projects for another five months, though the U.S. Senate may not yet be on board with that approach. Efforts to sort out a longer-term solution have targeted taxing overseas corporate profits, but that idea remains in the discussion phase. In an op-ed published Wednesday, however, Pennsylvania Sen. Pat Toomey offered another idea: overhauling the immigration system for...

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